Quarterly ResultMay 13, 2026, 05:22 PM
Epsilon Energy Q1 Revenue $25.6M (+58% YoY); Adj. EBITDA $13.4M (+26% YoY)
AI Summary
Epsilon Energy reported strong Q1 2026 financial results, with total revenue increasing to $25.6 million (+58% YoY) and Adjusted EBITDA rising to $13.4 million (+26% YoY). Net income was significantly impacted by an unrealized hedge loss, but adjusted net income (excluding hedge loss) was $8.7 million. The company is executing its development program in the Permian and Powder River Basin, expecting new production online in Q2 and Q3, and has monetized non-core assets for $6.9 million.
Key Highlights
- Total Revenue for Q1 2026 increased to $25.6 million, up 58% year-over-year.
- Adjusted EBITDA reached $13.4 million in Q1 2026, a 26% increase year-over-year.
- Adjusted Net Income (excluding hedge loss) was $8.7 million, or $0.29 per share.
- Capital expenditures for the quarter were $4.9 million, primarily for Permian and Powder River Basin development.
- Total debt was reduced by $5 million in Q1 to $45.5 million, with another $5 million repayment in April.
- Completed the sale of Marcellus overriding royalty interests for $3.9 million in Q2.
- Expects to close the sale of the Durango office building for $3 million in June.
- Daily total production increased 14% YoY to 39.5 MMcfe/d.
Price Impact
More from EPSN